Syndicated Equities recently completed its acquisition of a single-story office building that is 100% net leased to Winnebago Industries, Inc. (“Winnebago”) as its corporate headquarters.
The property consists of a 63,111 square foot building located on a 10.05-acre parcel at 13200 Pioneer Trail in Eden Prairie, Minnesota. In 2021, Winnebago made the decision to consolidate its Forest City, Iowa office with its existing Eden Prairie office, making the property its sole corporate headquarters. The property is situated within the Interstate 494 submarket, which encompasses a large portion of the west and southwest suburbs including Richfield, Bloomington, Edina, Eden Prairie, and Chanhassen. According to CBRE, the Interstate 494 submarket was the top performing market for new lease transactions during the third quarter of 2021.
Syndicated Equities acquired the property outright and structured the acquisition to accommodate investors completing tax-deferred 1031 exchanges along with accredited cash investors.
Syndicated Equities provides individuals with institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $4 billion of total asset value.
For more information please visit www.syneq.com or call (312) 640-9020